Price for Cereal Groats and Meal; of Wheat in India - 2023

Contents:

1. Price for Cereal Groats and Meal; of Wheat in India (FOB) - 2022
2. Price for Cereal Groats and Meal; of Wheat in India (CIF) - 2022
3. Exports of Cereal Groats and Meal; of Wheat in India
4. Imports of Cereal Groats and Meal; of Wheat in India

Price for Cereal Groats and Meal; of Wheat in India (FOB) - 2022

The average export price for cereal groats and meal; of wheats stood at $530 per ton in 2022, reducing by -4.9% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 36% against the previous year. The export price peaked at $652 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($943 per ton), while the average price for exports to Sri Lanka ($375 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Cereal Groats and Meal; of Wheat in India (CIF) - 2022

The average import price for cereal groats and meal; of wheats stood at $1,304 per ton in 2022, growing by 16% against the previous year. Over the period under review, the import price, however, showed a deep downturn. The pace of growth was the most pronounced in 2013 when the average import price increased by 93%. As a result, import price attained the peak level of $7,272 per ton. From 2014 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($1,337 per ton), while the price for the United Arab Emirates ($561 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+30.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Cereal Groats and Meal; of Wheat in India

For the fourth consecutive year, India recorded growth in shipments abroad of cereal groats and meal; of wheats, which increased by 50% to 22K tons in 2022. In general, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of cereal groats and meal; of wheats surged to $12M in 2022. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +23.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +89.5% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Cereal Groats and Meal; of Wheat from India in 2022:

1. United Arab Emirates (8.6K tons)
2. Saudi Arabia (3.3K tons)
3. United States (1.8K tons)
4. Jordan (1.5K tons)
5. Qatar (1.2K tons)
6. Benin (0.9K tons)
7. Malaysia (0.6K tons)
8. Kenya (0.6K tons)
9. Canada (0.4K tons)
10. Australia (0.3K tons)
11. Oman (0.2K tons)
12. Nepal (0.2K tons)
13. United Kingdom (0.2K tons)

Imports of Cereal Groats and Meal; of Wheat in India

In 2022, the amount of cereal groats and meal; of wheats imported into India surged to 18 tons, with an increase of 191% on 2021 figures. In general, imports enjoyed a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 264% against the previous year. As a result, imports attained the peak of 23 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of cereal groats and meal; of wheats surged to $24K in 2022. Over the period under review, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Cereal Groats and Meal; of Wheat to India in 2022:

1. Italy (17.2 tons)
2. United Arab Emirates (0.7 tons)
3. Oman (0.1 tons)

Source: IndexBox Market Intelligence Platform